Asked by Candace Prince on Jul 22, 2024
Verified
A freely functioning market
A) will always be efficient.
B) will fairly reward talent and punish the lazy.
C) cannot be made more efficient with government intervention.
D) maximizes freedom of choice.
Freely Functioning Market
A market where goods and services are traded without any restrictions or interventions from governments.
Government Intervention
Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and taxes.
Efficient
The optimal allocation of resources in a manner that maximizes output or outcomes without wasting any resources.
- Digest the theories pertaining to market efficiency and equity.
- Acquire knowledge on how government action addresses inefficiencies in the market.
Verified Answer
Learning Objectives
- Digest the theories pertaining to market efficiency and equity.
- Acquire knowledge on how government action addresses inefficiencies in the market.
Related questions
Even If a Market Outcome Is Efficient, It May Not ...
Freely Functioning Markets in the Real World Always Result in ...
It Is the Custom for Paper Mills Located Alongside the ...
Proponents of the EMH Think Technical Analysts ________ ...
If the US Capital Markets Are Not Informationally Efficient, ________ ...